# ASC 210-958-45: Balance Sheet — Not-for-Profit Entities — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/210/958/#45-other-presentation-matters) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:30e36b51a2ff47f2ac1cce5f7d7492922b8760f2f1c76fdf464712e1efea01f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-958-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/210/958/#45-other-presentation-matters) SEC content: no #### Totals and Format ##### [210-958-45-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:97930922d63643b153b5fc77374b1fa146e273f84936f37a7175fe940d23d0cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A statement of financial position shall focus on the [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP) as a whole and shall report all of the following amounts: 1. a Total assets 2. b Total liabilities 3. c Total net assets 4. d Total [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") 5. e Total [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") 6. f [Subparagraph superseded by Accounting Standards Update No. 2016-14](https://asc.understandingaccounting.org/updates/asu-2016-14/). ##### [210-958-45-2](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:584b98423606167abe5803ae6075664d0af70307df80b7b8ec8922f3053699c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic does not preclude display of interfund items in a statement of financial position; rather, its requirement to display total assets and liabilities results in certain practical limits on how interfund items are displayed in a financial statement. For example, because receivables and payables between fund groups are not entity assets or liabilities, a statement of financial position shall clearly label and arrange those interfund items to eliminate their amounts when displaying total assets or liabilities. ##### [210-958-45-3](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:f0a1d7544dcd2b6f4f4917b4abde270fbf9cda0ef42c81fb49afff7e38b7b452 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic does not emphasize or preclude specific statement formats. It permits a left-to-right or top-to-bottom balanced format as well as single-column, multicolumn, single-page, or multipage formats. #### Classification of Assets and Liabilities ##### [210-958-45-4](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:b326dcc0a17a6aa12d53c4bf06669ce742dbbfdc6a8deec59a5dd303c96be703 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A statement of financial position, including accompanying notes to financial statements, provides relevant information about [liquidity](https://asc.understandingaccounting.org/glossary/l/#liquidity "An asset's or liability's nearness to cash. Donor-imposed restrictions may influence the liquidity or cash flow patterns of certain assets. For example, a donor stipulation that donated cash be used to acquire land and buildings limits an entity's ability to take effective actions to respond to unexpected opportunities or needs, such as emergency disaster relief. On the other hand, some donor-imposed restrictions have little or no influence on cash flow patterns or an entity's financial flexibility. For example, a gift of cash with a donor stipulation that it be used for emergency-relief efforts has a negligible impact on an entity if emergency relief is one of its major ongoing programs."), [financial flexibility](https://asc.understandingaccounting.org/glossary/f/#financial-flexibility "The ability of an entity to take effective actions to alter amounts and timing of cash flows so it can respond to unexpected needs and opportunities."), and the interrelationship of an NFP's assets and liabilities. That information generally is provided by aggregating assets and liabilities that possess similar characteristics into reasonably homogeneous groups that include the effects of [donor-imposed restrictions](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions.") as well as other contractual restrictions. ##### [210-958-45-5](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:828133c020fa583877346efba9be46f37574e9623ab17c331a9d32ec6b5abf53 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Classifying and aggregating items with similar characteristics into reasonably homogeneous groups and separating items with differing characteristics is a basic reporting practice that increases the usefulness of information. For example, entities generally report individual items of assets in homogeneous groups, such as cash and cash equivalents; accounts and notes receivable from patients, students, members, and other recipients of services; inventories of materials and supplies; deposits and prepayments for rent, insurance, and other services; marketable securities and other investment assets held for long-term purposes; and land, buildings, equipment, and other long-lived assets used to provide goods and services. Likewise, cash collections of receivables from patients, students, or other service recipients may differ significantly in continuity, stability, and risk from cash collections of pledges made to a special-purpose fundraising campaign. Classifying and reporting those receivables and collections of receivables as separate groups of assets and of cash inflows facilitates financial statement analysis aimed at objectives such as predicting amounts, timing, and uncertainty of future cash flows. ##### [210-958-45-5A](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-5A) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:f8fc1141612eeda934ab0a82db7dfa399ec3c0551cc1512187c1af4eeaa0df43 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As illustrated in paragraph [958-205-55-7](https://asc.understandingaccounting.org/asc/205/958/#205-958-55-7), cash and cash equivalents of permanent endowment funds held temporarily until suitable long-term investment opportunities are identified may be included in the classification long-term investments. Likewise, cash held temporarily by a custodian for investment purposes may be included as part of investments in a statement of financial position rather than as cash. ##### [210-958-45-6](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:1abfdb6d5a876700e53c0da5b7c28699340942692091c15dfe41bfec71b81731 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Assets may be restricted by donors. For example, land could be restricted to use as a public park. Generally, however, restrictions apply to net assets, not to specific assets. Assets need not be disaggregated on the basis of the presence of donor-imposed restrictions on their use; for example, cash available for current use and without donor restrictions need not be reported separately from cash received with donor-imposed restrictions that is also available for current use. However, cash or other assets received with a donor-imposed restriction that limits their use to long-term purposes shall not be classified with cash or other assets that are without donor restrictions and are available for current use. The kind of asset whose use is limited either by a donor-imposed restriction or by governing board designations shall be described in the notes to the financial statements if the nature of the restriction or designation (that is, amount and purpose) is not clear from the description on the face of the statement of financial position. ##### [210-958-45-7](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:448fbd5e2f51bbe3e10b26682179e71accc37f60f8dcfec459e6925c6ddd665f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following information shall be displayed either on the face of the statement of financial position or in the notes to financial statements, unless otherwise required on the face of the statement of financial position: 1. a Relevant information about the nature and amount of limitations on the use of cash and cash equivalents (such as cash held on deposit as a compensating balance) (see paragraph [958-210-50-3(b)](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-3)).  2. b Contractual limitations on the use of particular assets. These include, for example, restricted cash or other assets set aside under debt agreements, assets set aside under self-insurance funding arrangements, assets set aside under collateral arrangements, or assets set aside to satisfy reserve requirements that states may impose under charitable gift annuity agreements (see paragraph [958-210-50-3(c)](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-3)).  3. c Quantitative information, and additional qualitative information in the notes as necessary, about the availability of an NFP's financial assets at the balance sheet date to meet cash needs for general expenditures within one year of the balance sheet date (see paragraph [958-210-50-1A(b)](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-1A)). ##### [210-958-45-8](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:6d5b9955eb496351f9085c20dd2230f93de8775086c9b3e1305d81d1868c9047 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Additional information about liquidity shall be provided by any of the following: 1. a Sequencing assets according to their nearness of conversion to cash and sequencing liabilities according to the nearness of their maturity and resulting use of cash 2. b Classifying assets and liabilities as current and noncurrent, as defined by Subtopic 210-10 (required by paragraph [954-210-45-1](https://asc.understandingaccounting.org/asc/210/954/#210-954-45-1) for statements of financial position prepared by not-for-profit, business-oriented health care entities) 3. c Disclosing in notes to financial statements any additional relevant information about the liquidity or maturity of assets and liabilities, including restrictions on the use of particular assets (see paragraph [958-210-50-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-1)). #### Classification of Net Assets ##### [210-958-45-9](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:ce8385b3ea37ee761180ac5a7725232342642a2edd6f80e7358c9e6865eaa8bd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The amounts for each of the two classes of net assets—with donor restrictions and without donor restrictions—are based on the existence or absence of [donor-imposed restrictions](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions."). Information about the nature and amounts of different types of donor-imposed restrictions shall be provided either by reporting their amounts on the face of the statement of financial position or by including relevant details in notes to financial statements. Additionally, separate line items may be reported within [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") or in notes to financial statements to distinguish between various types of donor-imposed restrictions, such as the following examples: 1. a Assets, such as land or works of art, donated with stipulations that they be used for a specified purpose, be preserved, and not be sold. 2. b Assets donated with stipulations that they be invested to provide a permanent source of income. These result from gifts and bequests that create a donor-restricted endowment that is perpetual in nature. 3. c Support of particular operating activities. 4. d Investment for a specified term. 5. e Use in a specified future period. 6. f Acquisition of long-lived assets. ##### [210-958-45-10](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:c5bb4d6cd596ce3edb56452da62aa638d7321cc3904592315c97e3b62ff48a64 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A [donor-imposed restriction](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions.") may require that resources be used in a later period or after a specified date (time restrictions), or that resources be used for a specified purpose (purpose restrictions), or both. For example, gifts of cash and other assets with stipulations that they be invested to provide a source of income for a specified term and that the income be used for a specified purpose are both time and purpose restricted. Those gifts often are called [term endowments](https://asc.understandingaccounting.org/glossary/t/#term-endowment "An endowment fund established to provide income for a specified period. See Endowment Fund."). ##### [210-958-45-11](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-11) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:c9051fa1447353bd180e22ff8d7b01169fc80aa6deb29d7fecd9177e5ab781d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Information about self-imposed limits also is useful, including information about voluntary resolutions by the governing board of an entity, such as resolutions to designate a portion of its [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") to function as an endowment (sometimes called a [board-designated endowment fund](https://asc.understandingaccounting.org/glossary/b/#board-designated-endowment-fund "An endowment fund created by a not-for-profit entity's (NFP's) governing board by designating a portion of its net assets without donor restrictions to be invested to provide income for a long but not necessarily specified period (sometimes called funds functioning as endowment or quasi-endowment funds). In rare circumstances, a board-designated endowment fund also can include a portion of net assets with donor restrictions. For example, if an NFP is unable to spend donor-restricted contributions in the near term, then the board sometimes considers the long-term investment of these funds. See Endowment Fund.")) or to designate a portion for a specific future expenditure (called [board-designated net assets](https://asc.understandingaccounting.org/glossary/b/#board-designated-net-assets "Net assets without donor restrictions subject to self-imposed limits by action of the governing board. Board-designated net assets may be earmarked for future programs, investment, contingencies, purchase or construction of fixed assets, or other uses. Some governing boards may delegate designation decisions to internal management. Such designations are considered to be included in board-designated net assets.")). Information about the amounts and purposes of board designations of net assets without donor restrictions shall be provided in notes to or on the face of financial statements in accordance with paragraph [958-210-50-3](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-3). (See Example 1 \[paragraph [958-210-55-3](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-3)\] for an illustration of this guidance.) ##### [210-958-45-12](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-12) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:d7835fe0f2d17fea670cd52a4e3652f5ad03d8d2ed9b0ebf56490f3301f92bd4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-14](https://asc.understandingaccounting.org/updates/asu-2016-14/).